BlackLine
315 hedge funds and large institutions have $3.66B invested in BlackLine in 2023 Q4 according to their latest regulatory filings, with 51 funds opening new positions, 94 increasing their positions, 120 reducing their positions, and 29 closing their positions.
76% more first-time investments, than exits
New positions opened: 51 | Existing positions closed: 29
46% more call options, than puts
Call options by funds: $24.3M | Put options by funds: $16.6M
13% more capital invested
Capital invested by funds: $3.23B → $3.66B (+$434M)
6% more funds holding
Funds holding: 297 → 315 (+18)
0.29% more ownership
Funds ownership: 95.46% → 95.75% (+0.29%)
20% less funds holding in top 10
Funds holding in top 10: 5 → 4 (-1)
22% less repeat investments, than reductions
Existing positions increased: 94 | Existing positions reduced: 120
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$121M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
+$32M |
| 3 |
WP
Woodline Partners
San Francisco,
California
|
+$24.5M |
| 4 |
BlackRock
New York
|
+$21.2M |
| 5 |
HRCM
Hawk Ridge Capital Management
Los Angeles,
California
|
+$19M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Artisan Partners
Milwaukee,
Wisconsin
|
-$49.6M |
| 2 |
MG
Meritage Group
San Francisco,
California
|
-$40.4M |
| 3 |
DDC
DF Dent & Co
Baltimore,
Maryland
|
-$26.6M |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$24.4M |
| 5 |
Norges Bank
Oslo,
Norway
|
-$13.4M |
BL Hedge Fund Activity: Q4 2023 in Review
315 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in BlackLine (BL) for Q4 2023, worth a combined $3.66B — up 13% from $3.23B a quarter earlier.
Buyers outnumbered sellers: 51 funds opened new BL positions and 29 closed out — a net gain of 22 holders — while 94 added to existing stakes and 120 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $121M. The largest seller was Artisan Partners, exiting entirely with an estimated $49.6M sold.
- 315 institutional investors held BlackLine (BL) as of Q4 2023, up from 297 in Q3 2023.
- Funds reported $3.66B of BlackLine stock for Q4 2023, up 13% quarter-over-quarter.
- 51 funds opened new BlackLine positions in Q4 2023 and 29 closed out, a net change of +22 holders.
- The largest BlackLine buyer in Q4 2023 was Morgan Stanley, an estimated $121M added.
- The largest BlackLine seller in Q4 2023 was Artisan Partners, an estimated $49.6M sold.
Based on aggregated 13F filings for Q4 2023.